Have You Maxed Out Your 2012 Roth IRA Yet?

by Ryan

With Thanksgiving coming up next week and the Holiday season fast approaching many of us will be focused more on buying gifts, eating tons of great food, and spending time with family rather than managing our investments. The 2012 window to invest in your Roth IRA might sneak up on you as your focused on the holidays so this is just a friendly reminder to sock away a bit more in your retirement, if you haven’t already done so this year.

I just maxed out my Roth IRA a few days ago by adding another $2,000 in Vanguard 500 Admiral Shares, and it feels pretty good to check that off the goals list for 2012.

The last possible day to invest in your Roth IRA in 2012 is actually in 2013 (Monday, April 15 to be exactly), so if you haven’t maxed out your Roth IRA yet this year, make sure you do so you can reap the tax advantages in the future.

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{ 1 comment… read it below or add one }

pd November 18, 2012 at 2:12 am

You have until tax day to contribute to that year’s limit.
so for ‘2012’… you can keep adding to it up until April 15, 2013. Just make sure it’s marked as 2012 contributions.

source:

http://www.irs.gov/publications/p590/ch02.html
‘When Can You Make Contributions?’
You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year (not including extensions).

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